Senate Bill No. 28, introduced by Senator Talbot, establishes the Louisiana Fortified Roof Tax Credit Program, which provides a nonrefundable income tax credit for resident taxpayers who incur expenses to install a fortified roof on their property. The credit is designed to incentivize homeowners to retrofit their homes to meet or exceed the fortified roof standards set by the Insurance Institute for Business and Home Safety. The bill defines key terms such as "qualified expenses," "qualifying property," and outlines the application process for taxpayers seeking the credit. The maximum credit amount is capped at $10,000 per taxpayer, and it can be claimed in the taxable period when the credit is certified by the Louisiana Department of Insurance.

The bill also includes provisions for the recovery and recapture of credits if it is determined that the expenses were not qualifying, and it limits the interest that can be assessed on recovered credits. Additionally, taxpayers who receive grants under the Louisiana Fortify Homes Program are ineligible for this tax credit. The program will apply to qualifying expenses incurred on or after July 1, 2025, and no credits can be earned after December 31, 2031. The bill will take effect upon the governor's signature or after the designated time for gubernatorial action.